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What is a vehicle repossession by a private party?


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Answered 2007-01-24 02:47:49

The recovery of a vehicle by a private seller rather than by a lending institution such as a bank.

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Is a repossession vehicle allowed to repossess a vehicle inside a private community in the state of Florida?

If the repossessor is allowed in, yes. They cannot force their way into the community.


Are there specific laws that regulate respossession of a vehicle by a private party or family member?

States establish repossession laws and the procedure will differ depending upon the state in which the vehicle is located. The one factor that is common in all US states to repossess a vehicle is that the person seeking the recovery has a legal right to do so. For example, the party who is owed the debt is shown as a lien holder on the title of the vehicle.


What are car repossession laws in Missouri regarding notification to auction a vehicle?

what are the legalities of voluntary vehicle repossession


What are your rights when it comes to a car that just has a payment for half of the remainder owed and the private party it was being bought from has repossessed it for personal reason?

If the repossession occurred in a state that does not permit self-help repossession, report the car stolen; it cannot be legally repossessed. Louisiana and Wisconsin are two of these states. If you can show legal possession of the vehicle, and on time payment, report the car stolen. It cannot be legally repossessed in any state unless the debt is delinquent. If you do not wish to involve LEO's immediately, contact the private party who "repossessed" the vehicle and explain that if it is not returned within a reasonable amount of time, that you will report the vehicle stolen and give his name as the party responsible. There is no legal "personal reason" for repossessing a vehicle.


Can Repo Investigator Charge me with Felony in Ohio for not finding my vehicle?

As a repossession investigator and agent liason, I can tell you that yes, in fact, I know of several instances of felony charges being filed against an individual for hindering repossession of a vehicle. Your lawyer's response may have been motivated more by the fact that he felt confident that he could successfully prevent prosecution, but nothing will prevent the vehicle from being repossessed aside from the destruction of the vehicle. In the event the possessor of a vehicle under repossession were to destroy a vehicle to prevent that repossession, he could then be charged with malicious destruction of private property and hindering a lender.


A sample letter of vehicle repossession for the state of Texas Where can you find one?

Sample letter of vehicle repossession for the state of texas


Can a repossession agent come on private property to repossess a vehicle?

I am not 100% on this but I am almost certain that they can as if an item is inside the home they can come in to take those


Can a lender report a vechicle stolen while trying to repossess in the state of Florida?

In the event that the possessor of the vehicle is not a contracted party, or if the contracted party is actively seeking to hinder repossession, then yes, the lender can report the vehicle stolen.


Is there any legal recourse when buying a used vehicle from a private party?

In most states there is no legal recourse when you buy a used vehicle from a private party. This is true in California, for instance. Private parties are not required to offer any kind of warranty on used vehicles.


What if the property from where the vehicle was towed was a private residence that was owned by somebody else and not the signer of the loan or lease?

If the repossession agent can get to the vehicle without breaking anything or causing a civil disturbance, he can take it. Private, public, or government property, or who signed the loan is irrelevent.


Do you have to pay sales tax on a private party vehicle sale?

yes you do baby


Where can I get white vans?

At the dealership or buying a used vehicle via private party.


What is the statute of limitations in Georgia for repossession of a vehicle?

I don't think there is a statute of limitation on repossession of a vehicle anywhere as long as there is an overdue payment outstanding.


Do you pay sales tax on a car private party sale in kansas?

If I live in Kansa but buy a car from a private party in Texas, how is sales tax calculated on the vehicle.


Does Nevada have sales tax on private party car sales?

No, as of 2005 Nevada does not tax private-party vehicle sales, but only if the buyer is a legal resident of the state.


Will Harley dealership repossess when in for service?

Dealerships are not typically recognized repossession agents, however, if you bring in a vehicle for service, and a valid repossession order exists for that vehicle, the delareship may secure the vehicle for the lender so that repossession may take place.


What do you do if you get sued for repossession of a vehicle?

Contact an attorney.


How do you stop repossession of vehicle?

pay what you owe


Is repossession of a vehicle in Illinois allowed?

Yes


When a repossession notice has been issued for a motor vehicle can the registration be renewed and if the car is pulled over by the police will the police hold the car?

A "repossession notice" is a civil matter. A police oficer cannot hold the vehicle for repossession. Unless, there has been a court proceeding and the judge has ordered the vehicle held if stopped. A repossession notice also cannot stop the registration of a vehicle.


What if Firearms are involved on private property at repossession?

That's a little bit of a vague question. What do you mean by firearms are involved? There were firearms in the vehicle? Someone threatened you with a firearm? What?


What are the vehicle repossession laws in Colorado?

Wave goodbye to the car and all its contents. Oh! You can remove your children and pets, I almost forgot. * The lender must send the borrower a "Right To Cure" notice twenty days before initiating repossession methods. The exceptions to the law are, "skips", leased vehicles, lack of insurance coverage on vehicle, or the vehicle is in the possession of a third party. The repossession must be done without constituting a breach of peace as defined under Colorado law (vehicle cannot be removed from a garage or other private building locked or unlocked, vehicle cannot be removed from posted property or by means of removing a lock or other device upon a gated area, and so forth).


What is willing repossession?

a voluntary repossession is where you turn over the vehicle instead of us having to come get it from you. www.aerecoveryandtowing.com


Do the same repossession laws mandated by the State of California apply when you purchase from a private party?

NO see CALIFORNIA CODES BUSINESS AND PROFESSIONS CODE SECTION 7507


How can you find out how the repossession guys found your car?

No, you have it wrong. The repossession guys found THE BANK'S car. Once the bank takes the right paperwork to the court, the vehicle is no longer yours and you have no rights to it. The bank may have hired a private investigator to find the vehicle, especially if there is enough value that they want to pay off some of the loan.


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